Mongolia Short-term Debt
Short-term debt as % of total external debt DT.DOD.DSTC.ZS
Mongolia's short-term debt was 6.83% in 2025, ranked 71st globally. This represents a 10.6% increase from 2024. Data from World Bank, covering 1992–2025.
Overview
Mongolia's short-term debt stood at 6.83% in 2025, a rise of +0.66% from 2024. Based on recent trends, this figure is projected to reach 6.83% by 2025. Mongolia ranked 71st globally.
Mongolia’s short‑term debt as a share of gross external debt stood at 6.83 in 2025, placing it 71st globally and slightly above Ukraine’s 6.80 and just below Benin’s 6.72. The indicator has fluctuated markedly over the 34‑year series, rising from a low of 0.76 in 1994 to a peak of 18.46 in 2003 before falling to the current level. The early 2000s surge coincided with rapid expansion of mining‑related financing, while the 1994 trough reflected the post‑transition contraction of the economy and limited access to external credit. Since the peak, Mongolia has steadily reduced its reliance on short‑term borrowing, a trend mirrored by peers such as Eritrea (7.12) that have also moderated exposure. Continued diversification of export revenues and stronger fiscal buffers could further lower the short‑term debt ratio, whereas a resurgence of commodity price volatility might reverse the downward trajectory.
Data & projection
| Year | Short-term Debt | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 8.02% | - | - |
| 2026* trend | 7.42% | - | - |
| 2025* trend | 6.83% | - | - |
| 2025 | 6.83% | +0.66% | #71 |
| 2024 | 6.18% | +0.72% | #44 |
| 2023 | 5.46% | −0.23% | #40 |
| 2022 | 5.69% | +1.64% | #41 |
| 2021 | 4.05% | +0.13% | #28 |
| 2020 | 3.93% | −4.75% | #31 |
| 2019 | 8.67% | −1.19% | #57 |
| 2018 | 9.86% | −0.77% | #60 |
| 2017 | 10.64% | +0.84% | #65 |
| 2016 | 9.80% | −0.30% | #60 |
| 2015 | 10.10% | −0.38% | #57 |
| 2014 | 10.48% | +2.72% | #59 |
| 2013 | 7.75% | +2.07% | #51 |
| 2012 | 5.68% | −0.38% | #39 |
| 2011 | 6.06% | −0.11% | #45 |
Detected Pattern
Analysis
Mongolia matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw short-term debt improve within 24 months. View full analysis →
Frequently Asked Questions
Mongolia's short-term debt was 6.83% in 2025. Ranked 71st globally. This represents a 10.6% increase from the previous year.
Mongolia's short-term debt peaked at 18.46% in 2003.
The lowest short-term debt in Mongolia was 0.76% in 1994.
Mongolia ranks 71st globally in short-term debt as of 2025.
The World Bank indicator code is DT.DOD.DSTC.ZS. Data sourced from World Bank.
Mongolia's short-term debt is projected to reach 6.83% by 2025 based on trend extrapolation.
The short-term debt of Mongolia in 2025 was 6.83%. This ranks 71st in the world.
Cite this page
@misc{historysaid_mongolia_short-term-debt,
title = {Mongolia Short-term Debt},
url = {https://historysaid.com/mongolia/short-term-debt/},
publisher = {HistorySaid},
year = {2026}
}